As more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that’s causing lawsuits and hampering an already weak housing market.

Scott Pelley reports, Sunday, April 3, 7 p.m. ET/PT

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Category: Foreclosures, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “Preview: The Next Housing Shock”

  1. Deborah says:

    Is that video for real or an April Fool’s joke?

  2. Deborah,

    it’s ‘real’, enough, it’s a Promo-piece for their Sunday broadcast..

    here’s the ‘news’-story, from their site;cbsCarousel

    though, as with

    always, Years late, if at all, w/ the MSM..

  3. michael-D says:

    BR … its not like you to be so coy, at least not here. just what event[s] in the ‘next week or so’ that will correlate with this ‘news’? are you focused on the ‘settlement’ by the states’ AGs with the banksters? more of what we’re seeing in WA state that will attempt to make fraudclosure legal? something else?

  4. Francois says:

    Only event I can think of would be the fraudclosure settlement attempt by the AGs lead by Tom “There will be criminal prosecutions…j/k lol” Miller, Iowa AG to be, ahem, formalized.

    Wait! Did the Irish government decided to do the smart thing and default?

  5. Francois says:

    “Is that video for real or an April Fool’s joke?”

    Haven’t followed the fraudclosure mess much, haven’t you?

    This is real as it gets. Florida elites tried desperately to prevent the testimony of these guys to influence the courts, so they created rocket docket courts to solve foreclosure cases in 10 MINUTES, in a hallway of the Court House.

  6. wunsacon says:

    Wow. The cold fusion story is pretty interesting. Thanks, Mark.

  7. cyaker says:

    I am surprised that we don’t hear about people who are current on their mortgages questioning the recipient of their payments to determine if that recipient has the right to the payment